Executive rentals – they give business travellers and upscale short-term renters a place to stay that is cheaper than most hotels, and they provide landlords with a great stream of income. If you are buying an investment property, moving out of your current home or feeling tired of dealing with the long-term residential rental market, consider turning your property into an executive rental.
Here is everything you need to consider before you get started in executive leasing:
Many people in their twenties may not think they are old enough to buy a home, but if you can afford one, home-ownership can be a lucrative and rewarding idea. Here are five questions to help you decide if you are ready for home-ownership:
1. Can You Afford It?
Obviously, the first question you should consider is whether or not you can afford a house. However, as a young person without children or a spouse, you may not have to pay the entire mortgage like you would have to if you were married with kids.